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The Markets
by Proactive
Proactive UK has moved.
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Small cap wrap: Nextech3D.ai, Medicus Pharma, Synchronoss, ReconAfrica...

Golden Shield Resources (CSE:GSRI, OTCQB:GSRFF) said on Thursday it plans to raise up to C$975,000 through a non-brokered private placement for exploration at its Guyana gold property.

The offering will consist of up to 6.5 million common shares priced at C$0.15 each, the company said in a statement.

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US-listed solar energy stocks tumbled on Thursday after the House of Representatives passed a sweeping budget and tax bill that proposes to eliminate key clean energy incentives, triggering fears of a sharp slowdown in industry investment.

The legislation, backed by Republicans and branded by former President Donald Trump as the “One Big, Beautiful Bill,” calls for the immediate repeal of the 30% federal tax credit for residential solar installations.

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EnWave Corp (TSX-V:ENW, OTC:NWVCF) delivered a strong second quarter with revenue climbing to C$3.7 million, up by C$3 million year-over-year, according to the company's interim results released on Thursday.

Revenue growth was attributed to a large-scale machine sale and the commissioning of two small-scale machines.

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Gratomic Inc. (TSX-V:GRAT, OTCQX:CBULF) said on Thursday that chief operating officer Manie Silver has been appointed chief executive officer, as part of a broader leadership shake-up at the Canadian graphite development company.

The company also named Arno Brand as executive chair and interim chief financial officer, following the resignation of Daniel Baard from both roles.

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Synchronoss Technologies Inc (NASDAQ:SNCR) has launched an upgraded version of its Personal Cloud platform, introducing a suite of AI-powered features aimed at helping users rediscover and creatively engage with their digital memories.

The new release, version 25.5, includes enhanced photo editing tools, AI-curated memory collections, timeline comparisons, and GPS-integrated photo viewing—all designed to help users navigate and enjoy their growing photo libraries.

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Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has completed its first sea trials of its WAV-V 22 autonomous surface vehicle for a customer with significant operations in Sub-Saharan Africa.

The trials were conducted at Ocean Power Technologies’ newly permitted test site in southern New Jersey, following site visits and operational reviews by the US Coast Guard.

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Medicus Pharma (NASDAQ:MDCX) has received regulatory approval from the UAE Department of Health to begin a Phase 2 clinical trial evaluating its non-invasive therapy for basal cell carcinoma (BCC) of the skin.

The study, designated SKNJCT-004, will enroll up to 36 patients across four medical centers in the UAE.

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Ilika PLC (AIM:IKA, OTCQX:ILIKF) shares rose 8% in early afternoon trading after the solid-state battery developer announced a £3.5 million fundraise to support upcoming commercial licence negotiations for its Goliath technology.

The capital injection, which lifts the company’s market capitalisation to £58.7 million and enterprise value to £48.6 million, gives Ilika greater balance sheet strength ahead of talks with prospective partners.

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Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) has announced the first-ever ExoSphere Multiphysics surveys in the southwest Athabasca Basin at its Davidson River project in Saskatchewan.

The surveys are being carried out in partnership with Fleet Space Technologies Canada across three key exploration corridors.

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NanoViricides (NYSE-A:NNVC) president Dr Anil Diwan has welcomed a new US Food and Drug Administration policy that limits broad COVID-19 vaccine booster recommendations, calling it a “rational and scientific” shift that could help restore public trust in health institutions.

The updated FDA guidance recommends COVID booster shots only for adults aged 65 and older, and for individuals aged six months and above with underlying conditions that put them at risk of severe disease. The agency also said it would now require randomized, placebo-controlled trials to demonstrate booster effectiveness in healthy adults before extending approvals to that group.

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Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) announced that it has migrated its MAP Dynamics event management platform from Liquid Web to Amazon Web Services (AWS).

The company said the new cloud infrastructure is expected to improve its ability to scale globally, deliver new features more rapidly, and maintain consistent performance during peak event activity.

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Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) has appointed Mark Friesen as managing director of investor relations and capital markets.

Friesen, based in Calgary, brings over two decades of energy finance and IR experience, including prior roles at Kiwetinohk Energy, Murphy Oil, and BMO.

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HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced it has achieved a new record in its Bitcoin mining hashrate, reaching 9.5 exahash per second (EH/s).

This milestone places the company above 1% of the global Bitcoin network hashrate, HIVE said on Thursday.

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Shares in Software Circle PLC (AIM:SFT) dropped 9% after the company revealed it had fallen victim to a suspected authorised push payment fraud, resulting in the loss of £426,770 from one of its business units.

The group, formerly known as Grafenia, said the transaction was identified shortly after it occurred and that both the bank and law enforcement were notified immediately. An internal review is underway and the bank’s specialist fraud team is investigating.

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Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) told investors it has discovered spodumene pegmatite at its wholly-owned Agboville and Rubino licences in Côte d’Ivoire.

Rock-chip sampling, following visual observations, across both licences returned lithium grades up to 1.25% Li₂O.

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Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) said it had made an encouraging start to 2025 and expected the newly producing Gilar mine to deliver a significant contribution to output this year, as operations resumed across its portfolio in Azerbaijan following last year’s production curtailments.

The Azerbaijan-focused group produced 8,085 gold equivalent ounces in the first quarter and confirmed the Gilar underground mine had entered production in May. Output from Demirli, another recently accessed contract area, is expected to begin in the second half of the year.

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Renergen Ltd has unveiled plans to merge with United States-based ASP Isotopes Inc (NASDAQ: ASPI), in a move set to create a vertically integrated global producer of electronic and isotopically-enriched gases critical to the energy, semiconductor, and healthcare sectors.

Its shares skyrocketed 50% when the announcement was made.

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Provaris Energy Ltd continues to take big steps into the carbon transport market. In its latest update to market, the company highlighted its partnership with energy infrastructure heavyweight Yinson Production to develop large-scale liquid carbon dioxide (LCO₂) storage and shipping solutions.

With global emissions hitting record highs in 2024—up 0.8% to 37.8 Gt CO₂—governments and industry are under pressure to invest in Carbon Capture and Storage (CCS) to meet climate targets. But while CO₂ capture tech has improved, getting that captured carbon to where it needs to go remains a bottleneck.

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